
Modesto, CA 95351
This mixed-use property presents a High-Potential Investment Opportunity with a List Price of $585,800—positioned well below the $613,634 Fair Market Value by 4%. This valuation gap offers $27,834 in Instant Equity. Featuring a 4-unit configuration with a newer roof and remodeled retail space, the asset provides stable cash flow. While the Condition Rating of 4 suggests dated residential interiors, the property is an ideal acquisition for Buy-and-Hold Investors or Commercial Developers seeking long-term income stability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 207 H St Subject 0 bd · 0 ba · 3,200 sqft · $192 | $585,800* List Price | 0 | 0 | 3,200 | $192 | - |
A 412 Laurel Ave Active 6 bd · 4 ba · 2,820 sqft · $230 · 0.7 mi | $650,000 List Price | 6 | 4 | 2,820 | $230 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1920, this property exceeds the 20-year threshold for dated condition. While the roof is recently replaced (2 years old) and one retail space is remodeled, the residential units lack mention of recent kitchen or bathroom renovations, suggesting they are dated and require minor repairs or updates to meet modern standards.
With a projected annual gross income of $80,400 against a $585,800 asking price, this property offers an exceptional gross rental yield of over 13.7%, making it a highly attractive play for cash-flow-focused investors.
The mixed-use configuration of two residential apartments and two retail storefronts provides a balanced risk profile, ensuring income stability across different real estate sectors.
The inclusion of a newer roof (approximately two years old) and one fully remodeled retail space significantly reduces immediate deferred maintenance costs and enhances the property's marketability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7501, other record lot size in square feet = 7405.
Built in 1920, the property's age may present challenges with aging infrastructure, potentially requiring specialized maintenance or upgrades to electrical and plumbing systems to meet modern standards.
While the retail spaces offer high income potential, commercial units often face longer vacancy periods and are more sensitive to local economic shifts compared to residential rentals.
Excellent Mixed-Use Investment Opportunity in Modesto! This versatile income-generating property features two residential apartments upstairs and two retail storefronts downstairs, offering multiple income streams. The residential units include a spacious 3-bedroom, 1-bath apartment renting for $1,500 per month and a 2-bedroom, 1-bath apartment renting for $1,200 per month. The two retail spaces were previously leased together for $4,000 per month, providing a combined rental income potential of $6,700 per month ($80,400 annually) based on these rental figures. Recent improvements include a newer roof, approximately two years old, and one fully remodeled retail space. The property also offers convenient open parking for residential tenants, retail tenants, and customers. With its versatile layout, multiple income sources, and recent upgrades, this property presents an excellent opportunity for investors seeking long-term value and income potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.7 |
| Baths | 0.0 | 2.2 |
| Square foot | 3,200 | 1,856.182 |
| Lot Size | 7,501 | 6,342.091 |
| Price | $585.8K | $526.8K |
| Price per sq ft | $183 | $279 |
| Built year | 1920 | 1967 |
| HOA | $0 | $0 |
| Days on market | 17 | 67 |
Oct 7, 2026
$585,800
Initial Listing
Jan 27, 2020
$255,000
Public Record
Jul 19, 2017
$175,000
Public Record
Jun 30, 2000
$207,500
Public Record